WorksheetsProfit And Loss By Akshaja Vaishnavi Vedula
Total questions: 12
Worksheet time: 5mins
What is profit?
The extra money gained after selling something and price is more than the time you have bought.
Losing money
the process of recording financial transactions pertaining to a business.
Guess the word- an amount of money lost by a business or organization.
(a)
The formula for loss is-
SP-CP
CP-SP
Both the options
None of them
The formula of profit is-
CP-SP
SP-CP
Both A and B
None of the above
Rohit bought a pack of pencils for $100. Since the pencils were of bad quality, he sold it for $140. Did he make a profit or loss and by how much?
Profit of $10
Loss of $40
Profit of $40
Loss of $10
Cost price- $4003, Selling price-$5000
Profit of $400
Loss of $1000
Loss of $2000
Profit of $997
Suzie bought a school bag for $187. She sold the bag for $150. Did she make a profit or loss and by how much?
Loss of $37
Profit of $30
Loss of $40
Profit of $37
If Cost price is $198 and Loss is $40 what is the Selling price?
$140
$158
$168
$150
Rena bought a vacuum cleaner for $12000. She sold it for $15000. Did she make a profit or loss and by how much?
Loss of $1000
Profit of $2000
Loss of $3000
Profit of $3000
If CP ( Cost Price ) is greater than SP ( Selling Price ) it is a profit
True
False
If Cost price is $1340 and profit is $50, what is the Selling price?
$1400
$1360
$1350
$1390
Harika bought a packet of sketch pens for $148. She sold it for $138. Did she make a profit or loss and by how much?
Profit of $20
Profit of $10
Loss of $20
Loss of $10
